Wells Fargo & Co. WFC, -1.37% said Tuesday it had net income of $6.2 billion, or $1.30 a share, in the second quarter, up from $5.2 billion, or 98 cents a share, in the year-earlier period. Revenue was unchanged at $21.6 billion. The FactSet consensus was for EPS of $1.17 and revenue of $20.9 billion. Net interest income fell to $12.1 billion from $12.
5 billion. Provisions for loan losses came to $503 million, up $51 million from a year ago. Noninterest income came to $9.5 billion, up from $9.01 billion a year ago. Mortage banking income came to $758 million, down from $770 million a year ago. Shares fell 0.2% premarket and have gained 1.4% in 2019 through Monday, while the S&P 500 SPX, +0.02% has gained 20.2%.
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